FMHI - First Trust Municipal High Income ETF
| Assets | $189.46M |
| NAV | $54.92 |
| Expense Ratio | 0.55% |
| PE Ratio | n/a |
| Beta (5Y) | 0.13 |
| Dividend (ttm) | $1.68 |
| Dividend Yield | 3.06% |
| Ex-Dividend Date | Mar 25, 2021 |
| 1-Year Return | - |
| Trading Day | April 13 |
| Last Price | $54.96 |
| Previous Close | $54.93 |
| Change ($) | 0.03 |
| Change (%) | 0.05% |
| Day's Open | 54.97 |
| Day's Range | 54.87 - 54.99 |
| Day's Volume | 42,576 |
| 52-Week Range | 45.99 - 55.06 |
Fund Description
The investment seeks to provide federally tax-exempt income, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.
| Asset Class Fixed Income | Inception Date Nov 1, 2017 |
| Exchange NASDAQ | Ticker Symbol FMHI |
| Index Tracked Bloomberg Barclays Municipal Custom High Yield Composite Index | |
Top 10 Holdings
18.95% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollars | n/a | 6.84% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | n/a | 3.01% |
| ILLINOIS ST 5% | n/a | 1.54% |
| TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV 4% | n/a | 1.22% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4% | n/a | 1.22% |
| TSASC INC N Y 5% | n/a | 1.15% |
| OKLAHOMA DEV FIN AUTH REV 7.25% | n/a | 1.06% |
| FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38% | n/a | 1.06% |
| WILKES-BARRE PA AREA SCH DIST 4% | n/a | 0.95% |
| HARBOR POINT INFRASTRUCTURE IMPT DIST CONN SPL OBLIG REV 5% | n/a | 0.90% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2021 | $0.14 | Mar 31, 2021 |
| Feb 23, 2021 | $0.14 | Feb 26, 2021 |
| Jan 21, 2021 | $0.14 | Jan 29, 2021 |
| Dec 24, 2020 | $0.14 | Dec 31, 2020 |
| Nov 24, 2020 | $0.14 | Nov 30, 2020 |
| Oct 21, 2020 | $0.14 | Oct 30, 2020 |
The tax hike talks, improving U.S. economic growth, high yields and chances of issuances of build back America bonds may help muni bond ETFs in the near term.
There is growing support among Americans for wealth tax imposition. What would it bring for muni bond ETFs?
Democratic presidential candidates are pitching for tax hikes in some way or the other. This should keep the winning momentum alive for muni bond ETFs.